Biotechnology

Company Overview of Epizyme, Inc.

Company Overview

Epizyme, Inc., a clinical stage biopharmaceutical company, discovers and develops epigenetic therapies for cancer patients. The company’s proprietary product platform creates small molecule inhibitors of enzymes known as histone methyltransferases (HMTs). Its lead product candidate includes tazemetostat, an inhibitor of the EZH2 HMT, which is in Phase II clinical study in adults with relapsed or refractory non-Hodgkin lymphoma; and in phase II study in adults and phase I study in children with certain genetically-defined solid tumors, as well as for the treatment of mesothelioma. The company is also developing additional programs, including a Phase I clinical trial of pinometostat, an inhibi...

Epizyme, Inc., a clinical stage biopharmaceutical company, discovers and develops epigenetic therapies for cancer patients. The company’s proprietary product platform creates small molecule inhibitors of enzymes known as histone methyltransferases (HMTs). Its lead product candidate includes tazemetostat, an inhibitor of the EZH2 HMT, which is in Phase II clinical study in adults with relapsed or refractory non-Hodgkin lymphoma; and in phase II study in adults and phase I study in children with certain genetically-defined solid tumors, as well as for the treatment of mesothelioma. The company is also developing additional programs, including a Phase I clinical trial of pinometostat, an inhibitor of the DOT1L HMT for the treatment of children with MLL-r, an acute leukemia with genetic alterations of the MLL gene. It has therapeutic collaboration agreements with Celgene Corporation, Celgene RIVOT Ltd., Celgene International Sàrl, and Glaxo Group Limited, as well as with Roche Molecular Systems, Inc. and Eisai Co. Ltd.; and collaboration agreement with the Lymphoma Study Association. Epizyme, Inc. was founded in 2007 and is headquartered in Cambridge, Massachusetts.

Epizyme, Inc. Key Developments

Epizyme, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the third quarter, the company reported collaboration revenue of $6,584,000 against $358,000 a year ago. The increase was driven predominantly by the recognition of the $6.0 million milestone earned upon GlaxoSmithKline’s (GSK) initiation of patient dosing in a Phase 1 clinical trial of GSK3326595, a PRMT5 inhibitor invented by Epizyme and licensed to GSK. Loss from operations was $24,826,000 against $23,106,000 a year ago. Net loss was $24,336,000 or $0.42 per basic and diluted share against $23,065,000 or $0.56 per basic and diluted share a year ago.
For the nine months period, the company reported collaboration revenue of $7,529,000 against $2,005,000 a year ago. Loss from operations was $76,341,000 against $110,268,000 a year ago. Net loss was $75,196,000 or $1.32 per basic and diluted share against $110,150,000 or $2.81 per basic and diluted share a year ago.

Epizyme, Inc. Enters into Two Cooperative Research and Development Agreements with the Cancer Therapy Evaluation Program of the National Cancer Institute

Oct 31 16

Epizyme, Inc. announced that it has entered into two Cooperative Research and Development Agreements (CRADAs) with the Cancer Therapy Evaluation Program (CTEP) of the National Cancer Institute (NCI). The CRADAs will evaluate tazemetostat, Epizyme's first-in-class EZH2 inhibitor, and pinometostat, the Company's first-in-class DOT1L inhibitor. Both investigational medicines target proteins implicated in the development and regulation of cancer. As part of the CRADA for tazemetostat, CTEP will collaborate with Epizyme in clinical trials to evaluate the safety and efficacy of tazemetostat in patients with hematologic malignancies and solid tumors. The initial NCI-sponsored study will evaluate tazemetostat in a phase 2 clinical trial in patients with ovarian cancer. External publications and Epizyme preclinical data indicate that inhibition of EZH2 could be beneficial in subsets of ovarian cancer. Under the second CRADA, the safety and efficacy of pinometostat will be evaluated in patients with acute leukemias. Initial studies will evaluate the combination of pinometostat with standard-of-care therapies or targeted agents in acute myeloid leukemia, acute lymphoid leukemia, or mixed lineage leukemia characterized by a rearrangement in the mixed lineage leukemia gene (MLL-r). Preclinical studies of pinometostat in MLL-r cell line models have shown synergy with chemotherapies, including acute leukemia standard-of-care agents and select targeted therapies. As part of both agreements, additional clinical trials will be considered.

Epizyme, Inc. to Report Q3, 2016 Results on Nov 03, 2016

Oct 27 16

Epizyme, Inc. announced that they will report Q3, 2016 results at 8:30 AM, US Eastern Standard Time on Nov 03, 2016

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